Quote:
Originally Posted by XXLClubCasino
Quick input, why would a rogue operator first pay a player and then initiate a neteller chargeback instead of "simply" not pay the player? This is of no benefit to a rogue operator it just cost them extra time an transfer charges.
Or does someone see a benefit in this new possibility? I think this is also the reason why we (I) never heard about this before.
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Rogue operators might do this for
PR reasons, say, to pay players who have made a huge stink. When the topic dies, they could grab the money back.
Far more likely though, is the scenario of the rogue about to go bust, they will have paid players in the past, but could be suffering serious cashflow problems. They could make a mass chargeback, and pretend it was some mighty cock-up, and promise those players it would be sorted. In the mean time, they have a free loan of extra cash, while the player takes 100% of the risk the move fails. If the casino is criminally rogue, they could chargeback all they could get their hands on, and then simply vanish - it seems thst this would work given that Neteller need no reason for the action under current policy.
Many may have just not realised it was this EASY to chargeback winnings they had already paid out.
It was pointed out that the chargeback would ONLY go through if enough funds were in the player's Neteller, if the player had emptied the account Neteller would NOT have given the money back, as then, obviously, Neteller would carry the risk of recovering it from the player, which might mean taking the player to court where questions might be asked about the initial chargeback (Neteller would likely NOT get the money if it went to court, they would be deemed negligent in not asking questions but just handing the money over).
In short, casinos can get away with it as they have no tough regulator to answer to, Neteller would have to explain to TWO regulators exactly what happened, and they might find this rather hard to justify, as they are supposed to be protecting OUR funds, as well as those held in their merchant accounts.